Wednesday 02/05/14

U.S. spot ethanol prices rose across the board in early afternoon trade Wednesday, though the biggest rally was seen along the East and West coasts after federal data showed domestic ethanol stocks were drawn down again last week as most traders had expected.

The data supported speculations weather-related woes continue to curtail production, delay shipments and squeeze available supply. The Energy Information Administration data showed stocks were drawn down 200,000 bbl or 1.1% to 16.7 million bbl during the week-ended Jan. 31, while production slipped another 5,000 bpd or 0.6% to 895,000 bpd.

Prompt delivered New York Harbor ethanol barge was offered at $2.30 per gallon without a bid, up 8.5 cents on the day, while prompt delivered ethanol in San Francisco Bay traded at $2.25 per gallon, up 6 cents.

Mon Feb 23, 2015 07:08 PM CSTTrade in nearby and deferred ethanol futures has turned lower over the last couple of weeks with traders backing away from the idea that growing driving demand will help to solidify the recently weak market.

Tue Feb 17, 2015 04:31 PM CSTEthanol futures have become much more stable through the first half of February as traders continue to focus on the potential to set the stage for what could become a more stable and narrowly traded price range.